seminar
Learning objectives
FINM 7401 Seminar 1:
Introduction to financial management Ethics in finance
Readings: Ross et al. Chapter 1
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-1
Discuss the basic types of financial management decisions and the role of the financial manager.
Identify the goal of financial management.
Compare the financial implications of the different forms of business organisation
Describe the conflicts of interest that can arise between managers and owners.
Discuss the role ethics has to play in finance.
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
Why study FINM7401?
Why study FINM7401?
Majors in finance
1-2
Majors in Marketing
The first course you will take of a suite of finance courses Later finance courses build on what you learn in this course
Majors in accounting
Accountant may have a dual accounting and finance function
Need to understand financial products to know how to account for them
Accounting and finance are very closely relateed
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-3
Need to understand how to value/budget for new projects Analysing costs/benefits of new projects
Majors in Management
Impossible to set strategy without understanding financial implications
You personally
Personal investments
Day-to-day cash flow management
Retirement planning
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-4
The four basic areas of finance
Investments
Finance is broad term, but the discipline can be divided into a number of sub components:
Working with financial assets such as shares and bonds
Value of financial assets
Risk versus return and asset allocation
Job opportunities
Investments
FINM 7401 Seminar 1:
Introduction to financial management Ethics in finance
Readings: Ross et al. Chapter 1
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-1
Discuss the basic types of financial management decisions and the role of the financial manager.
Identify the goal of financial management.
Compare the financial implications of the different forms of business organisation
Describe the conflicts of interest that can arise between managers and owners.
Discuss the role ethics has to play in finance.
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
Why study FINM7401?
Why study FINM7401?
Majors in finance
1-2
Majors in Marketing
The first course you will take of a suite of finance courses Later finance courses build on what you learn in this course
Majors in accounting
Accountant may have a dual accounting and finance function
Need to understand financial products to know how to account for them
Accounting and finance are very closely relateed
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-3
Need to understand how to value/budget for new projects Analysing costs/benefits of new projects
Majors in Management
Impossible to set strategy without understanding financial implications
You personally
Personal investments
Day-to-day cash flow management
Retirement planning
Copyright © 2014 McGraw-Hill Education (Australia) Pty Ltd
Ross, Essentials of Corporate Finance, 3e
1-4
The four basic areas of finance
Investments
Finance is broad term, but the discipline can be divided into a number of sub components:
Working with financial assets such as shares and bonds
Value of financial assets
Risk versus return and asset allocation
Job opportunities
Investments